Corporations have been used for hundreds of years to
protect investors from liability. The ability to invest in a
risky business without the fear of losing everything you own
is one of the reasons our economy has been so strong and our
technology so advanced.

Limited Liability Companies were invented about 25
years ago to allow people to limit their liability like a corporation
but with lower taxes and less paperwork like a partnership. Florida
was the second state to allow LLCs, but they were not very beneficial
because they had to pay Florida income tax and could not be set
up by a single member. Then a few years ago a wise legislator
wrote a law which eliminated the income tax on LLCs, allowed
single member LLCs and gave them double asset protection from
creditors. Today they are one of the best and easiest asset protection
devices available.

Whether a corporation or LLC is better for you depends on
your tax situation. Basically, the paperwork is simpler for an
LLC but a corporation might offer more tax advantages to some
businesses. To find out which is better for you, you should consult
with a tax advisor before setting up one of these entities. For
Frequently Asked Questions about LLCs, you cna downlload our
LLC FAQ as a pdf file by clicking here.

Land Trust Service Corporation has available self-help kits
for setting up your own LLC or Corporation. We have special kits
for Florida, Nevada and Delaware, and a national version for
all 50 states. These are $24.95 each plus shipping and sales
tax if shipped to Florida. More information on the Florida books
is available here.
And information on the national books is here.

Because so many land trust customers said that they would
rather have a professional set up their corporation or LLC, and
the last customer who went to an attorney was charged $800 and
used obsolete filing forms, we have decided to offer Florida
incorporation and LLC formations for $300 plus filing fees.

To set up a corporation or LLC with Land Trust Service Corporation,
you will need to complete a set-up instruction sheet. Contact
us for copies or download them from our web site here.